[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [POLITICS]

2 clusters · 5 sources · 30 days · First seen · Last updated

Dispute over FCT loan approvals in Nigeria

Overview

Senator Ireti Kingibe has accused Federal Capital Territory (FCT) Minister Nyesom Wike of securing loans for the capital without the necessary approval from the National Assembly. Based on a review of Debt Management Office records from August 2023 to March 2026, Kingibe argued that the minister has not sought legislative authorization from the full Senate.

The dispute escalated as Kingibe demanded that Wike produce the Senate’s “Votes and Proceedings” to prove that the borrowing was properly incorporated into the budget and subjected to oversight. While Wike has rejected the allegations, maintaining that government borrowing is subject to legislative approval, Kingibe asserted that the Senate has no record of any deliberations regarding these specific loans.

Entities

Nyesom Wike · Ireti Kingibe · Debt Management Office · Senate · FCT Administration

Timeline

  1. 3 days ago

    [POLITICS] 3 sources
    Senator Kingibe challenges Wike over FCT loan approvals

    Senator Ireti Kingibe has challenged FCT Minister Nyesom Wike to produce official Senate records to prove that recent administration loans received proper legislative approval.

  2. about 1 month ago

    [POLITICS] 3 sources
    Senator Kingibe accuses FCT Minister Wike of unapproved borrowing

    Senator Ireti Kingibe has accused FCT Minister Nyesom Wike of obtaining loans for the nation’s capital without National Assembly approval, citing Debt Management Office records.

Sources

arise.tv · businesselitesafrica.com · dailyreport.ng · gwg.ng · thenicheng.com